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Dutch Tax Plan and Other Measures for 2016 include Individual Income Tax Cuts and Implementation of CbC Reporting

16 September 2015

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Proposed Changes

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Netherlands

On 15 September 2015, the Dutch Ministry of Finance published the Tax Plan 2016 Bill and the Other Tax Measures 2016 Bill. Individual Taxation - Tax Plan Bill The Tax Plan Bill includes a number of measures focused primarily on a reduction in the tax burden for individuals by approximately EUR 5 billion. One of the main measures concerns changes to the individual income tax brackets and rates. From 1 January 2016, the second and third individual income tax bracket rates will be reduced from 13.85% and 42% to 12.00% and 40.15% respectively, while the first bracket rate will be...